inTEST (INTT) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of inTEST (NYSEAMERICAN:INTT) from a hold rating to a buy rating in a research note published on Wednesday. They currently have $9.75 price target on the semiconductor company’s stock.

According to Zacks, “InTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits and wafers. The Company’s high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. “

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INTT has been the subject of several other reports. Dougherty & Co initiated coverage on shares of inTEST in a research note on Friday, October 6th. They issued a buy rating and a $11.00 price target for the company. Sidoti initiated coverage on shares of inTEST in a research note on Tuesday, September 5th. They issued a buy rating for the company.

inTEST (NYSEAMERICAN:INTT) traded up $0.05 during trading on Wednesday, reaching $8.70. 47,800 shares of the company’s stock traded hands, compared to its average volume of 84,094. inTEST has a 1-year low of $4.13 and a 1-year high of $10.25.

In other inTEST news, major shareholder Nokomis Capital, L.L.C. sold 120,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $9.40, for a total value of $1,128,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Thomas A. Satterfield, Jr. sold 35,176 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $8.31, for a total transaction of $292,312.56. The disclosure for this sale can be found here. Insiders have sold 321,883 shares of company stock worth $2,808,306 in the last quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in INTT. LSV Asset Management lifted its stake in shares of inTEST by 32.3% in the second quarter. LSV Asset Management now owns 92,500 shares of the semiconductor company’s stock worth $619,000 after buying an additional 22,600 shares in the last quarter. Virtu KCG Holdings LLC bought a new position in shares of inTEST in the second quarter worth approximately $301,000. Hillsdale Investment Management Inc. bought a new position in shares of inTEST in the third quarter worth approximately $815,000. EAM Investors LLC bought a new position in shares of inTEST in the second quarter worth approximately $450,000. Finally, Spark Investment Management LLC lifted its stake in shares of inTEST by 502.1% in the second quarter. Spark Investment Management LLC now owns 85,500 shares of the semiconductor company’s stock worth $568,000 after buying an additional 71,300 shares in the last quarter.

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inTEST Company Profile

inTEST Corporation is an independent designer, manufacturer and marketer of thermal, mechanical and electrical products that are used by semiconductor manufacturers in conjunction with automated test equipment (ATE), in the testing of integrated circuit (ICs). The Company operates through three segments: Thermal Products, Mechanical Products and Electrical Products.